Gilat Satellite Networks (NASDAQ:GILT) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Gilat Satellite Networks (NASDAQ:GILT) from a buy rating to a strong-buy rating in a report published on Friday.

Other research analysts have also issued research reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $8.50 price objective on shares of Gilat Satellite Networks in a research note on Friday. William Blair began coverage on shares of Gilat Satellite Networks in a report on Thursday, September 26th. They set an “outperform” rating on the stock.

Gilat Satellite Networks Trading Up 10.9 %

Shares of NASDAQ GILT opened at $5.58 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.81 and a debt-to-equity ratio of 0.01. Gilat Satellite Networks has a one year low of $4.04 and a one year high of $6.80. The business has a 50-day moving average price of $5.01 and a two-hundred day moving average price of $4.90. The firm has a market capitalization of $318.17 million, a PE ratio of 19.24 and a beta of 0.59.

Institutional Investors Weigh In On Gilat Satellite Networks

Institutional investors have recently made changes to their positions in the company. Clearline Capital LP increased its holdings in Gilat Satellite Networks by 510.5% in the third quarter. Clearline Capital LP now owns 99,409 shares of the communications equipment provider’s stock worth $524,000 after buying an additional 83,127 shares during the last quarter. PDT Partners LLC grew its position in Gilat Satellite Networks by 51.1% in the third quarter. PDT Partners LLC now owns 27,453 shares of the communications equipment provider’s stock worth $145,000 after acquiring an additional 9,287 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Gilat Satellite Networks during the 3rd quarter worth $27,000. Foundry Partners LLC raised its holdings in shares of Gilat Satellite Networks by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 834,230 shares of the communications equipment provider’s stock valued at $4,396,000 after purchasing an additional 8,045 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Gilat Satellite Networks in the 3rd quarter valued at $140,000. 35.72% of the stock is currently owned by institutional investors and hedge funds.

About Gilat Satellite Networks

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. Its portfolio consists of cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state power amplifiers, block upconverters, transceivers, and defense ground systems and field services.